Student Credit Cards: The Wise Choice for Responsible Students

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Credit Card Applications » Research » Guides » Building Credit History » Student Credit Cards: The Wise Choice for Responsible Students

Student Credit Cards: The Wise Choice for Responsible Students


Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

The most significant stage in a student's life is reaching college. For them, this is an exciting moment of their lives because they can finally taste what it is to be free and to live their lives on their own. Freedom entails responsibility through action and decision-making, especially on how to manage finances. College, as we all know, is also expensive and will quickly consume your allowance if you do not know how to be responsible with your money. But no matter how you save your money, there will always be unexpected expenses and deals that can be a waste to pass up. Before going into college, give serious thought about getting student credit cards so you will be prepared for college expenses head on.

These cards are student-friendly and you may also get rewards and bonuses while using the card for your purchases. student credit cards offer low interest rates designed not to be heavy on the student's pocket. You will not have to worry about annual fees and co-signers to back you up to be able to get these cards. Getting a credit card is quite easy, as representatives of different credit institutions are the ones who visit the campuses to promote their cards. Expect a lot of great deals and promotional freebies for on the spot sign-ups. But be careful though, do not apply for more than you can handle. You might get into trouble in the end because you cannot pay off your bills on time.

Having your own credit card can be exhilarating but do keep in mind that you also have to be responsible in using it. Parents play an important role in educating their children on wise and responsible spending. The value of having student credit cards for necessary and emergency purchases only should be instilled in them. It would help a lot if they keep track of their child's spending so that they will be alerted once the card is being abused. Students should understand that if they fail to pay their bills on time, then they will be subjected to higher interest rates and this could end up destroying their credit rating.

Student credit cards will come to your rescue if you run out of cash to buy food to last you for a week or two, or an important book that you need for your class. It is best to use these wisely for you to be able to enjoy what it is like to be independent and responsible.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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